Currently my short-term management property is managed by the property management company.

Negotiating favorable terms is both an art and a science, and in real estate, it's a critical skill that can make or break a deal.

Investment Info:Single-family residence buy & hold investment.

Any advice or recommendations on where to purchase a long term property for rent are appreciated!

Short term, leaving financing in place during rehab prior to resale — great strategy with limited risk to either party. 

@Lina TruongStarting with mid-term rentals (MTRs) can feel daunting, but breaking it into steps makes it manageable.

Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).

Short term rentals in St Pete are technically illegal but it doesn’t stop hundreds of other investors from doing it.

I have three listings, 1. unit with a pool and hot tub, 2. unit with a hot tub, 3. both units together as a 12 sleeper.Gross monthly income (after booking channel fees) for the first unit over a 7 month period was $7309.Gross monthly income for both units over a 14 month period is $11,297 (after booking channel fees) As a long term rental the combined rent would be in the region of $5500.Is it possible to sell the property based on the income generated by the STR business or would the value always be based on bricks and mortar comps? 

If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.